Audiera [BEAT] surged 17.32% to a six-week high of $4.72, erasing all July losses and trading around $4.63. The altcoin’s market cap climbed 25% to $1.5 billion, driven by sustained whale accumulation. Since reclaiming $4, large investors have consistently defended higher price levels, with whales purchasing $25 million worth of BEAT on July 30th and withdrawing over 2.4 million BEAT the following day. Spot net flow has remained negative for four consecutive days, indicating strong outflows from exchanges and increasing scarcity.
Audiera’s recent price recovery extended after it defended the $2.4 support level days ago. The altcoin reached a six-week high of $4.72, clearing all July losses and trading around $4.63 at the time of writing.
The market cap climbed 25% to $1.5 billion over the same period, signaling steady capital inflows. According to NTSchain, Audiera whales purchased $25 million worth of BEAT on July 30th.
Demand continued on July 31st, with OxInchain reporting that whales withdrew over 2.4 million BEAT. Nazoku observed that a newly created wallet withdrew 500,000 BEAT, worth over $2 million, from Gate.
This sustained whale accumulation suggests high-net-worth investors are actively pushing prices higher. Spot activity echoes this trend, as Coinglass data shows Audiera’s Spot Netflow remained negative for four consecutive days.
Spot Netflow stood at -$102k at the time of writing, reflecting strong outflows. Historically, increased exchange outflows reduce supply and increase scarcity, which precedes price gains.
Nazoku noted that retail traders remain unconvinced and are currently sitting on the sidelines, with whales solely driving the market. Audiera’s Aroon Up indicator rose to 100%, while the Aroon Down fell to 21%, suggesting the altcoin is continually closing at higher highs.
The MACD indicator remained on an upward trajectory at 0.39, pointing toward trend continuation. If demand from whales holds without retail participation, Audiera could flip $5 and target $6.2. To maintain this bullish outlook, the altcoin must hold above $4.
